The Fintech Giant Revolut appears to be preparing for a transfer to the Crypto Derivatives market as a new job posting in plans to develop the business from scratch.
A recent -only List For a “General Manager (Crypto derivatives)” shows that the revolut is actively recruiting in London, Barcelona and Dubai. The position will guard the end-to-end launch of the derivatives platform, from the product architecture and trade infrastructure to compliance with commercial regulation and approach.
According to the list, the goal is to create “one of the most trusted, measurable, and profitable derivatives in the world,” the seizure of the 50 million global customer base of the revolut.
The move came as the revolut continued to expand the crypto offerings. On May 19, the company announced plans to invest More than 1 billion euros ($ 1.1 billion) in France and apply for a local banking license.
Cointelegraph handed over Revolut for the comment but did not receive a response through the publication.
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Crypto derivatives by Revolut can clash with UK policies
Noteworthy, Revolut’s ambitions for crypto derivatives can place a fintech company with odds on existing policies in the United Kingdom. The UK Financial Conduct Authority (FCA) Crypto derivatives banned for retail users In 2021, the dangers of inexperienced merchants were mentioned.
Due to the UK restrictions, Revolut’s initial market for crypto derivatives remains unsure. However, the list cites the familiarity of regulations in the European Union financial union market as a plus. Dubai is another candidate, as the regime regime allows access to retail under proper licensing.
“If the Revolut targets the UK market, the regulation of purchase will be difficult unless the product is restricted to professional clients,” Says Daniel Arroche, Blockchain Law Firm D&A Partners. “But in EU or Dubai, approval is more realistic.”
In 2024, Revolut Got a long -awaited banking license in the UKplacing the way for the company to expand its lending servicesIncluding credit cards, buy-now-pa-later products and potential mortgage.
Related: Revolut expands a crypto exchange in 30 new European markets
Revolut doubled in crypto
Established in 2015, the Revolut was one of the first major finishes to embrace crypto, increasing trade support in 2017. Since then, the company has expanded crypto offerings.
In May 2024, Revolut Revolut X introducedA dedicated desktop crypto exchange that targets experienced entrepreneurs. The trading platform offers for 100 to tokens with low fees and real-time/off-ramp capabilities, with plans to expand on mobile in 2025.
The company’s crypto division now forms a significant portion of the general income. In 2024, the giant Fintech Its pre-tax profit doubled Of the 1 billion British pounds ($ 1.3 billion) from 438 million pounds in 2023, driven by rapid customer growth and a resurgence in crypto trading.
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